聚光科技接受星石投资、中邮证券等多家机构调研，透露多维度业务发展动态

Core Viewpoint - The recent institutional research on 聚光科技 (300203) highlights the company's proactive approach to policy changes, market demand fluctuations, and industry competition, providing investors with critical insights into its investment value [5] Company Overview - 聚光科技, established in 2002, has become a leader in the high-end instrumentation industry in China, with a diverse business covering smart environment, smart industry, smart laboratory, and life sciences [1] - The company employs over 1,000 R&D personnel, with approximately 60% holding master's or doctoral degrees, and has established several important R&D platforms [1] - 聚光科技 has participated in the formulation of over 90 standards and holds more than 770 authorized patents [1] Business Performance - The company's revenue for the first half of 2025 was 1.295 billion yuan, with significant advancements in technology and business layout [4] - The laboratory instrument business showed favorable collection trends in July and August, while the environmental sector continues to face challenges [2] - The company plans to leverage opportunities in the coming months to improve overall collection status [2] Market Dynamics - There has been no significant change in market demand for scientific instruments, with some large project procurement plans potentially delayed until the fourth quarter [3] - The "first set" policy is crucial for promoting the application of domestic high-end instruments, with gradual implementation expected in the fourth quarter [3] Technological Innovations - 聚光科技 has launched several new products in the high-end instrument sector, including greenhouse gas monitoring systems and an industrial online mass spectrometer [4] - The company is also making strides in the life sciences sector, with its subsidiary obtaining medical device registration for clinical mass spectrometry systems [4] Employee Incentives - The company announced a share repurchase plan of 100 to 150 million yuan to be used for employee stock ownership plans or equity incentive plans [2] - Future incentive plans will consider various factors, including operational performance and historical contributions [2]